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FXstreet.com (Crdoba) - The Pound's recovery after falling to 1.5570 (daily low) found resistance at 1.5630 and the pair started to fall again. GBP/USD dropped below 1.5600 and currently trades at 1.5580/85, 0.85% below today's opening price. The pair is falling after rising moderately in the last three days. To the downside support levels lie at 1.5560 (Feb 09 low) and 1.5530 (Feb 08 low)
Against the Euro, the Pound has also lost momentum. EUR/GBP is back above 0.8800 and is approaching to intra-day highs that lie at 0.8815.
Forex: GBP/USD finds resistance at 1.5630 and falls below 1.5600 again
Posted 2/10/2010 3:32 PM ET by from FXstreet.com
Against the Euro, the Pound has also lost momentum. EUR/GBP is back above 0.8800 and is approaching to intra-day highs that lie at 0.8815.
